Annual report pursuant to Section 13 and 15(d)

Consolidated Statement of Operations and Comprehensive Income

v3.22.0.1
Consolidated Statement of Operations and Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]      
Net revenues $ 102,382 $ 97,388 $ 81,115
Cost of revenues 42,185 38,629 34,233
Gross profit 60,197 58,759 46,882
Selling, general and administrative expenses:      
Provision for doubtful accounts 77 791 37
Amortization of intangibles 4,262 4,285 4,402
Selling and marketing 10,777 9,661 9,932
General and administrative 42,261 35,195 28,986
Total selling, general and administrative 57,377 49,932 43,357
Operating income 2,820 8,827 3,525
Other expense:      
Interest expense (1,377) (1,255) (1,904)
Other expense (186) (29) (97)
Income before income taxes 1,257 7,543 1,524
Benefit from (provision for) income taxes 163 9,789 (163)
Net income $ 1,420 $ 17,332 $ 1,361
Net income per share      
Basic (in dollars per share) $ 0.07 $ 0.86 $ 0.07
Diluted (in dollars per share) $ 0.06 $ 0.80 $ 0.07
Weighted average shares outstanding:      
Basic (in shares) 20,519,958 20,106,940 19,731,498
Diluted (in shares) 22,049,659 21,717,216 20,839,396
Comprehensive income:      
Net income $ 1,420 $ 17,332 $ 1,361
Other comprehensive income:      
Unrealized gain on hedges 355 0 0
Provision for income tax on unrealized hedge gain (87) 0 0
Net comprehensive income $ 1,688 $ 17,332 $ 1,361